The Duke Angel Network (DAN) connects, supports, and cultivates the Duke entrepreneurial community. In addition to providing capital, the group actively matches Duke alumni expertise with portfolio companies to drive growth. Prospective investments must have a founder or executive who is a Duke alumnus, faculty, staff, student, or parent; be raising seed or Series A equity capital of $300,000 or more, or syndicating later-stage equity financings with an existing institutional lead investor; and be located in the U.S. The affiliated Duke Innovation Fund consists of philanthropic contributions that are targeted at entrepreneurship across the global Duke community. The Fund will match angel member investments in each DAN investment, with matching amounts at the discretion of the Steering Committee. All proceeds are returned to the fund and reinvested in companies. Duke University has committed $2 million to the fund with an initial target size of $20 million in committed capital.

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